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Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Comment by Venture100on Feb 06, 2004 8:02pm
228 Views
Post# 7016826

RE: big jump today!

RE: big jump today!I have already passed my breakeven point. Original purchase at $1.85 and subsequently at $0.60 and $.89. Break even after commissions was $1.06. I wish I had added more to my non registered account but it has already made quite a jump. I do not know how much excess capacity they have but I think it is conservative to estimate that they will be capable of sales in excess of $4 million per year. The buy back alone is worth about 5% a year in valuation plus sales growth means I will hold for some time.
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